Wall Street lifted by benign economic data, gains in Boeing

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U.S. stocks rose broadly on Wednesday after fresh economic data strengthened the Federal Reserve's patient stance on future rate hikes and as ...

REUTERS: U.S. stocks rose broadly on Wednesday after fresh economic data strengthened the Federal Reserve's patient stance on future rate hikes and as Boeing rose for the first time since Sunday's deadly crash of a 737 MAX 8 jet in Ethiopia.

The company's shares were among the biggest boosts to the Dow Jones Industrial Average, which has risen only once in the past seven days, underscoring Boeing's heft in the index.Technology shares rose 0.9 percent and provided the biggest boost to the markets. The sector was propped up by Microsoft Corp, Nvidia Corp and Apple Inc.

The parliament is due to vote later in the day on whether the country should leave the EU on March 29 without a deal, a scenario that business leaders warn would bring chaos to global financial markets.

 

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